D
DivaTara Asked May 2017
Mom is not currently in a nursing home, but if that ever comes to pass, will they be entitled to her term life insurance policy if she dies after staying in a NH and there are remaining bills?
Follow
Share
I took out a term life insurance policy on my mother last year to help cover funeral expenses. I pay the premiums and I am the beneficiary.
This question has been closed for answers. Ask a New Question.
2 Answers
JessieBelle May 2017
The money will belong to you as the beneficiary. No, the NH could not take it if money was owed. You may want to look into getting Medicaid for help if her money is to run out. It will help to keep her from owing the NH.
Helpful Answer (1)
Report
notrydoyoda May 2017
Since you are the beneficiary, I don't think so.
Helpful Answer (0)
Report
This question has been closed for answers. Ask a New Question.
Popular Questions
Related Questions
- Can offer a flat fee of $800 plus R&B a month for someone to help with Mom for 5-6 hours a day?
- How do you know if a caregiver has a legitimate business?
- Can my mom who is living with me pay for food, utilities and rent as well as a stipend for care?
- My husband is on Medicare and we have a 30 thousand dollar insurance policy on him. If we turn in the policy, can the nursing home take it?
Ask a Question